Rolls-Royce: 2017 results exceed expectations; shares surge

(CercleFinance.com) - Aircraft engine maker Rolls-Royce said it made "good progress" in 2017, posting results ahead of its own expectations.

The British company reported revenue of 16.3 billion pounds, up 6% on an underlying basis, thanks to the growth of its civil aerospace service, while underlying pre-tax profit rose by 25% to over 1 billion pounds.